{"id":23339,"date":"2017-08-16T16:12:48","date_gmt":"2017-08-16T16:12:48","guid":{"rendered":"http:\/\/ci027cfe79800b26c3"},"modified":"2017-08-16T16:12:48","modified_gmt":"2017-08-16T16:12:48","slug":"crypto-exchange-shapeshift-acquires-keepkey-hardware-wallets","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/crypto-exchange-shapeshift-acquires-keepkey-hardware-wallets","title":{"rendered":"Crypto Exchange Shapeshift Acquires KeepKey Hardware Wallets"},"content":{"rendered":"
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Today, Shapeshift.io announced<\/a> its acquisition of hardware wallet manufacturer KeepKey<\/a>. According to the cryptocurrency exchange, by pairing the KeepKey hardware wallet with ShapeShift<\/a>, users will be allowed to safely store their coins on a secure physical device while trading their assets directly over the ShapeShift API, which can be reached from KeepKey\u2019s interface.<\/p>\n

\u201cSecurity is of critical importance when it comes to holding and trading digital assets. One of our priorities has always been to make the exchange experience as safe and easy for users as possible, and our pairing with KeepKey enables us to provide an unmatched customer experience. Users can hold their coins on the hardware device and exchange them on demand within the wallet, without even visiting a website. When you pair the KeepKey hardware wallet with ShapeShift\u2019s exchange, the experience is magical,\u201d Erik Voorhees, CEO of ShapeShift, said.<\/p>\n

KeepKey already had integrated ShapeShift\u2019s API a year ago, allowing it to supporting the most popular cryptocurrencies. The firm\u2019s objective is to support all leading digital assets providing the users with the \u201cmost secure storage wallet available.\u201d<\/p>\n

\u201cThis partnership will not only guarantee the future success of the KeepKey brand and product line, but joining the ShapeShift team will enable us to focus on continuing to work on developing better technology and security for crypto-holders,\u201c said Ken Hodler, Chief Technology Officer at KeepKey.<\/p>\n

ShapeShift confirmed that the company will preserve KeepKey\u2019s brand and product line. Furthermore, the acquisition of KeepKey will allows ShapeShift to \u201cprovide increased capital for inventory and security expertise.\u201d<\/p>\n

\u201cAmid heightened interest in the concept of digital currencies, a simple, user-friendly cold storage wallet with native exchange functionality is one key to wider adoption,\u201d said Voorhees.<\/p>\n

The combination of ShapeShift and KeepKey reflects both companies\u2019 commitment to security and privacy. ShapeShift does not collect any personal information on its users. Furthermore, customer funds are not collected on the company accounts and users maintain control of their keys at all times.<\/p>\n

The KeepKey drive is physical hardware device that protects users\u2019 funds from \u201chackers and thieves.\u201d It uses wallet software located on the user\u2019s computer. The device takes over the management of private key generation and storage along with the signing of transactions. The hardware has a built-in random number generator for private keys, which works in combination with the \u201crandomness\u201d provided by the user\u2019s computer. After the private key is generated, the user is given a twelve-word recovery sentence, which can be used to recover the device without compromising its private keys. <\/p>\n","protected":false},"excerpt":{"rendered":"

Today, Shapeshift.io announced its acquisition of hardware wallet manufacturer KeepKey. According to the cryptocurrency exchange, by pairing the KeepKey hardware wallet with ShapeShift, users will be allowed to safely store their coins on a secure physical device while trading their assets directly over the ShapeShift API, which can be reached from KeepKey\u2019s interface. \u201cSecurity is […]<\/p>\n","protected":false},"author":3533,"featured_media":23340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1462,357,1510,3245,3241,780],"class_list":{"0":"post-23339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-acquisition","9":"tag-exchanges","10":"tag-hardware","11":"tag-keepkey","12":"tag-shapeshift","13":"tag-wallet"},"author_data":{"id":3533,"name":"Benjamin Vitaris","nicename":"benjamin-vitaris","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/benjamin-vitaris-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/crypto-exchange-shapeshift-acquires-keepkey-hardware-wallets.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/23339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3533"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=23339"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/23339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/23340"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=23339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=23339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=23339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}